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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
CONS
PRCD
IGBOND
Nomad Foods Bondco PLC€50
1EMEA
Jul 6, 2021
currency
EUR
size (m)
50.000
maturity
Jun 24, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B1
s&p
BB-
fitch
BB+
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
100.50-100.75
spread
287
coupon
2.500%
spread set
-
price
100.75000
yield
2.382%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2024-06-24; Registration: 144A/Reg S;
Deal Comments
07/06/2021 Nomad Foods BondCo Plc (NOMD, IGBOND) EUR50m 144A/Reg S add-on to its 2.50% sr sec notes due 06/24/28 (7y). NC3 (MWC B+50bp), then at 101.25, 100.625, 100. Equity claw: 3y 40% at 102.50. B1/BB-/BB+ (positive/stable/stable). Via Citi (B&D)/DB jt physical books/BNP/CA/GS/MS/Rabo jt books. No reg rights. List Lux. NY Law. Settles 07/09 (T+3). Reg S ISIN: XS2355604880. The original EUR750m issue priced 06/16/21. Price talk: 100.50-100.75. Final terms: EUR50m at 100.75. Priced: 2.50% at 100.75, 2.382% YTM. +287bp vs DBR 4.75% 07/04/28. Books closed at 12:30pm UKT 07/06. UOP: GCP. Biz: Europe's leading frozen foods company (Birds Eye, Findus, iglo, Aunt Bessies and Goodfella's). HQ: Feltham, UK. (Acquisition announced 03/29/21).

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